First Digital USD (FDUSD) is a stablecoin issued by the Hong Kong company First Digital Limited. Its primary goal is to maintain a stable 1:1 ratio with the US dollar, providing users with a reliable digital asset for transactions and value storage. FDUSD operates on the Ethereum and BNB Chain blockchains, and has recently become available on the Solana blockchain, expanding its use and increasing transaction speeds.
Current price of FDUSD:
Recent events:
On April 2, 2025, Tron founder Justin Sun accused First Digital Trust of insolvency, claiming that the company was not fulfilling its obligations to redeem the TrueUSD (TUSD) stablecoin. These statements raised concerns among investors and led to a temporary deviation of the FDUSD exchange rate from the US dollar, dropping to $0.87.
In response, First Digital Trust categorically denied the allegations, stating its full solvency and intention to take legal action to protect its reputation. The company emphasized that the assets backing FDUSD are fully secured and meet the highest regulatory standards.
Conclusion:
Although recent events have caused temporary instability for FDUSD, the issuing company assures the reliability and full backing of the stablecoin. Investors are advised to closely monitor the situation and consider all risks when dealing with digital assets.